©2016 Bloomberg News O1JL936KLVRA (Bloomberg) — Gold surged to the highest level in more than two months as demand for haven assets strengthened due to a global retreat in stocks and a renewed slump in oil, with investors scaling back bets about the pace and timing of U.S. interest rate increases.

Copyright 2015 Bloomberg. NJ9UPQ6JTSEI (Bloomberg Business) — The world economy is still built on debt. That’s the warning today from McKinsey & Co.’s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a